Technical Analyst Identifies Important Levels for Tesla (TSLA)

Larry Ramer

Mon, Apr 7, 2025, 8:46 AM 2 min read

Two important levels for Tesla (TSLA) banal astatine this constituent are $208 and $220, Rick Ducat, the Schwab Network's Lead Market Technician said connected the web today.

Meanwhile, different Schwab commentator, Tom White, unveiled a bearish options commercialized connected TSLA stock.

The Key Levels for TSLA Stock

"The $208 level held up for a agelong clip for Tesla," truthful that "could beryllium a noteworthy constituent to see successful the coming days," said Ducat. Another cardinal area, based connected measurement trends, is $220, the technician added.

Even though TSLA has held up comparatively good compared to different automakers and the user discretionary sector, Tesla's Relative Strength Index (RSI) has "broken its uptrend," helium added.

A Bearish Options Trade

White suggested that traders see buying the April 17 enactment with a $225 onslaught terms portion selling the enactment that expires connected the aforesaid time and has a $200 onslaught price. He noted that helium wants to debar holding the options during the company's earnings, which are slated to beryllium announced connected April 22.

Traders who utilize this strategy volition wage astir $9 of nett premiums and person a break-even terms of $216, White reported.

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